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Millennials Prompting Gains in VA Purchase Market

September 18, 2020
Maria Volkova
Veteran millennials accounted for 46.0% of VA purchase loans and 23.6% of refi loans so far this fiscal year.
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HUD IG Finds Underwriting Issues at 1st Tribal Lending

September 18, 2020
1st Tribal was selected for the audit because it’s the largest player among Section 184 program lenders.
Read More

CRE CLOs Hold Up During Pandemic; Future Risks Seen

September 17, 2020
Yemeng Yang
Collateralized loan obligations tied to commercial real estate are faring well thanks to the sector’s limited exposure to the lodging industry.
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Industry Seeks Permanent Remote-Work Flexibility for MLOs

September 17, 2020
Yemeng Yang
But regulators are concerned about their ability to identify violations and a reduction in an important source of state revenue — branch licensing fees.
Read More

CoreLogic Spurns Hostile Takeover Bid, Yet Again

September 17, 2020
Yemeng Yang
The mortgage data provider said the sweetened offer of $66 a share is still significantly low. The vendor also refused a request for due diligence from the investor group.
Read More

Industry Supports QM Proposal, But Seeks Tweaks

September 14, 2020
Yemeng Yang
Many participants have suggested the CFPB increase the safe harbor qualified-mortgage threshold to ensure borrowers are not arbitrarily left with only FHA-insured options.
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CFPB Flags Redlining in Latest Supervisory Report

September 14, 2020
Yemeng Yang
The regulator’s supervisory highlights report has identified violations of fair lending laws for the first time since September 2017, indicating a renewed interest in the issue.
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CFPB Seeks Seila Law CID Ratification in Ninth Circuit

September 14, 2020
Yemeng Yang
The CFPB warned of market disruption if its past actions — which have led to numerous regulations governing the mortgage industry — are open to new interpretations.
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No Significant COVID Impact on Mortgages, Says CFPB

September 14, 2020
Yemeng Yang
Based on credit record data, the CFPB found that new delinquencies on mortgages declined between March and June, though a spike occurred in April during the height of the pandemic.
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Consumer Groups Accuse CFPB of Hiding Complaint Narratives

September 14, 2020
Yemeng Yang
Consumers need to scroll down the left menu of the complaint database to nearly the end to find what they’re looking for. Intentional by design?
Read More
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